Versor Investments LP Sells 20,200 Shares of Ford Motor Company $F

Versor Investments LP trimmed its position in Ford Motor Company (NYSE:F) by 18.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 91,500 shares of the auto manufacturer’s stock after selling 20,200 shares during the period. Versor Investments LP’s holdings in Ford Motor were worth $918,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of F. Grove Bank & Trust raised its position in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. bought a new position in Ford Motor during the 1st quarter worth $27,000. Olde Wealth Management LLC bought a new position in Ford Motor during the 1st quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor during the 1st quarter worth $30,000. Finally, Spurstone Advisory Services LLC bought a new position in Ford Motor during the 4th quarter worth $31,000. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. UBS Group raised their target price on Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.53.

Ford Motor Stock Performance

Shares of F opened at $11.46 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a 50-day moving average of $11.15 and a 200-day moving average of $10.31. The company has a market cap of $45.61 billion, a PE ratio of 14.69, a P/E/G ratio of 3.30 and a beta of 1.48. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. On average, equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. Ford Motor’s payout ratio is 76.92%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.48% of the company’s stock.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.